Underwater Warfare Market

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Underwater Warfare Market by Systems (Sonar, Electronic Warfare, Weapons, Communications, Unmanned), Platform (Submarine, Surface Ship, Naval Helicopter), Capability (Attack, Protect, Support) and Region - Global Forecast to 2028

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Report Code: AS 8946 Feb, 2024, by marketsandmarkets.com

[214 Pages Report] The Underwater Warfare Market is projected to grow from USD 3.7 Billion in 2023 to USD 5.7 Billion by 2028, at a CAGR of 9.0%. The rise in need for advanced technology based underwater warfare systems. There is rising demand for modernizing underwater warfare platforms based on advance technologies. Government across the globe are modernizing their navies by investing in the development of Underwater Warfare Industry solutions to counter future underwater threats.

Underwater Warfare Market

Underwater Warfare Market

Underwater Warfare Market Forecast to 2028

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Underwater Warfare Market Dynamics

Driver: Development and Deployment of Advance Sonar Technologies for Underwater Warfare

The rising technological advancements in underwater defense systems are one of the key drivers for the growth of the underwater warfare market. The nations globally increasingly recognize the strategic importance of securing their maritime borders and interests and there has been a rise in the development and deployment of advanced technologies tailored for underwater defense. The adoption of autonomous underwater vehicles (AUVs) and unmanned underwater vehicles (UUVs), equipped with advanced sensors and communication systems, enables enhanced surveillance and reconnaissance capabilities in underwater environments. The advancements in sonar technologies have improved detection and tracking capabilities by allowing more effective monitoring of submarine activities. The integration of artificial intelligence and machine learning algorithms has enhanced the analysis of vast amounts of underwater data which enables quick and more accurate decision-making. The development of stealth technologies such as advanced coatings and materials has also contributed to making underwater assets more abstract and difficult to detect.

Restraints: High Cost of Underwater Warfare Systems

Underwater Warfare encompasses various systems and components. The manufacturing of underwater systems involves the use of highly cost specialized materials and technologies to withstand harsh underwater conditions, such as high pressure and corrosive seawater. Regular maintenance, training of personnel, and ongoing technological upgrades increase the operational costs associated with underwater systems. The protection of underwater warfare systems against potential threats, cyber threats and other threats requires additional security costs. The development of underwater warfare systems becomes a prominent restraint for due to its high cost. The cost of undersea platforms such as submarines, surface ships, and naval helicopters can cost up to billions which is not possible for various nations to purchase.

Opportunities: Development of Anti-Submarine Warfare Systems

The development of anti-submarine warfare (ASW) systems enhances the effectiveness and security of underwater warfare operations. Nations globally are aiming to strengthen their naval capabilities, countering the threat posed by submarines has become a top priority. The advancements in sonar technologies, signal processing, and data analytics have enabled the creation of more advanced Anti- anti-submarine warfare systems that can detect, track, and neutralize enemy submarines with greater precision. These systems control both active and passive sonar technologies, as well as advanced sensors, to enhance situational awareness in the underwater domain. The integration of unmanned underwater vehicles (UUVs) equipped with specialized ASW sensors allows for persistent surveillance and rapid response capabilities. The development of advanced ASW systems safeguards naval assets from submarine threats and provides a strategic advantage by refusing enemies the ability to operate stealthily beneath the surface.

Challenges: Environmental and Regulatory Restrictions

Environmental and regulatory regulations restrictions stand as significant challenges for underwater warfare.  The US Navy is committed to operating in a manner compatible with the environment and meeting all environmental laws and regulations, with specific programs and instructions in place to ensure environmental readiness and compliance. Legal challenges have arisen under US and international environmental law which impacts the use of certain sonar systems and lead to alterations in training schedules to accommodate environmental concerns. These restrictions and legal challenges can limit the ability of naval forces to train effectively and carry out operations in underwater warfare. The United Nations Convention on the Law of the Sea (UNCLOS 1982) is a comprehensive ocean treaty that requires all nations to protect and preserve the marine environment. Regulatory restrictions such as the Law of Armed Conflict (LOAC) are branches of international law that govern relationships between states and the conduct of hostilities within a state. Like all naval forces, submarines must comply with the law of armed conflict (LOAC)

Underwater Warfare Market Ecosystem

Companies that design and manufacture Underwater Warfare Companies, include government firms and industries as key stakeholders in Underwater Warfare Market. Investors, funders, academic researchers, integrators, service providers, and licensing authorities are the major influencers in this market. Prominent companies in this market include Raytheon Technologies (US), L3Harris Technologies, Inc. (US), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US) and Thyssenkrupp AG (Germany).

Underwater Warfare Market by Ecosystem

Based on the Systems, the Unmanned Systems Segment is Estimated to Grow at the Highest Rate During the Forecast Period

Based on the systems, the unmanned systems are estimated to grow at the highest rate. There is increasing demand for unmanned underwater systems such as Unmanned Underwater Vehicles (UUVs) for mine countermeasures, surveillance and other underwater operations. The UUVs are classified generally as Autonomous Underwater vehicles (AUVs) and Remotely Operated Vehicles (ROVs). AUVs are used  autonomously map underwater terrain, detect and track submarines and mines, and gather valuable intelligence without risking human lives. ROVs offer high-resolution cameras, sonar, and other sensors for detailed inspections of underwater structures, and potential threats. The AUVs and ROVs play a prominent role in underwater warfare market growth.

Based on the Platform, the Surface Ships is Anticipated to Dominate the Market

Based on the platform, the surface ships holds the largest market share. Surface ships such as corvettes and frigates are widely used in underwater warfare. Surface ships plays a prominent role in Anti- submarine warfare. Surface ships carry powerful sonar systems and helicopters equipped with dipping sonar used for locating and tracking submarines. Surface ships are also used in mine warfare for mine hunting and mine sweeping operations. Destroyers and frigates are equipped with torpedoes, missiles, and depth charges to directly engage and neutralize enemy submarines. The vital role of surface ships in various underwater warfare operations drives the market growth.

The European Market is Projected to Show Highest Growth Rate for the Underwater Warfare

Europe is projected to show highest growth rate the Underwater Warfare market during the forecast period. UK is projected to show the highest growth rate for the Underwater Warfare market in Europe. The domination of the Underwater Warfare market in the Europe can be attributed due to the presence of various key players and increasing investment by them for development and deployment of various underwater warfare platforms. The Royal UK Navy is investing heavily in the development of Advance technologies like Artificial Intelligence (AI) and Cyber Security in the development of various underwater warfare platforms for modernizing their naval fleet.

Underwater Warfare Market by Region

Underwater Warfare Market by Region

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Underwater Warfare Industry Companies: Top Key Market Players

The Underwater Warfare Companies is dominated by a few globally established players such as Raytheon Technologies (US), L3Harris Technologies, Inc. (US), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US) and Thyssenkrupp AG (Germany) some of the leading players operating in the Underwater Warfare market; they are the key system and solution providers that secured Underwater Warfare contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements in defense.

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Scope of the Report

Report Metric

Details

Estimated Market Size

USD 3.7 Billion in 2023

Projected Market Size

USD 5.7 Billion by 2028

Growth Rate

9.0%

Market Size Available for Years

2020–2028

Base Year Considered

2022

Forecast Period

2023-2028

Forecast Units

Value (USD Million/Billion)

Segments Covered

By Type, by Platform, by Capability, and by Region

Geographies Covered

North America, Europe, Asia Pacific, the Middle East, and the Rest of the world

Companies Covered

Raytheon Technologies (US), L3Harris Technologies, Inc. (US), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US) and Thyssenkrupp AG (Germany) are some of the major players in the Underwater Warfare market. (25 Companies)

Underwater Warfare Market Highlights

The study categorizes the Underwater Warfare market based on type, platform, end user, and region.

Segment

Subsegment

By Systems
  • Sonar Systems
    • Active Sonars
    • Passive Sonars
  • Electronic Warfare Systems
    • Jammers
    • Countermeasures
    • Decoys
  • Weapons Systems
    • Torpedoes
    • Mines
  • Communication Systems
  • Unmanned Systems
    • Autonomous Underwater Vehicles (AUVs)
    • Remotely Operated Underwater Vehicles (RUVs)

By Platform
  • Submarines
  • Surface Ships
  • Naval Helicopters

By Capability
  • Attack
  • Protect
  • Support

By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the world

Recent Developments

  • In January 2023,  Raytheon Technologies:- Raytheon Technologies started building prototypes of a small torpedo that is designed to attack hostile submarines and defend the U.S. Navy’s submarines from incoming torpedoes.
  • In September 2020, Thales:- Thales successfully completed demonstration of the world's first fully integrated drone-based mine countermeasures system to locate, identify and neutralize sea mines.
  • In May 2020, Northrop Grumman Corporation:- Northrop Grumman Corporation unveiled a very lightweight torpedo. The lightweight torpedo provides advanced undersea warfare capabilities by increasing subsea lethality and enabling innovative concepts of operations for multiple warfighting platforms.

Frequently Asked Questions (FAQs) Addressed by the Report:

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY AND PRICING 
           TABLE 2 USD EXCHANGE RATES
    1.6 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA 
           FIGURE 1 RESEARCH PROCESS FLOW
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Key data from primary sources
    2.2 RESEARCH APPROACH AND METHODOLOGY 
           2.2.1 BOTTOM-UP APPROACH
                    TABLE 3 MARKET ESTIMATION PROCEDURE
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 FACTOR ANALYSIS 
           2.3.1 INTRODUCTION
           2.3.2 DEMAND-SIDE INDICATORS
                    2.3.2.1 Geopolitical tensions and maritime security concerns
                    2.3.2.2 Technological advancements
                    2.3.2.3 Defense spending and military modernization programs
                    2.3.2.4 Environmental alliance commitments and international collaboration
           2.3.3 SUPPLY-SIDE INDICATORS
                    2.3.3.1 Financial trends of defense prime contractors
           2.3.4 RECESSION IMPACT ANALYSIS
           2.3.5 IMPACT OF RUSSIA-UKRAINE WAR
                    2.3.5.1 Impact of Russia-Ukraine war on macro factors of underwater warfare market
                               FIGURE 5 IMPACT OF RUSSIA-UKRAINE WAR ON MACRO FACTORS OF UNDERWATER WARFARE MARKET
                    2.3.5.2 Impact of Russia-Ukraine war on micro factors of underwater warfare market
                               TABLE 4 IMPACT OF RUSSIA-UKRAINE WAR ON MICRO FACTORS OF UNDERWATER WARFARE MARKET
                               FIGURE 6 IMPACT OF RUSSIA-UKRAINE WAR ON MICRO FACTORS OF UNDERWATER WARFARE MARKET
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RISK ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 42)
    FIGURE 8 WEAPONS SYSTEM SEGMENT TO RECORD HIGH GROWTH FROM 2023 TO 2028
    FIGURE 9 SURFACE SHIP PLATFORM SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028
    FIGURE 10 EUROPE TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UNDERWATER WARFARE MARKET 
           FIGURE 11 INCREASING DEVELOPMENT OF UNMANNED SYSTEMS AND ADVANCED SONAR SYSTEMS TO DRIVE MARKET
    4.2 UNDERWATER WARFARE MARKET, BY SYSTEM 
           FIGURE 12 UNMANNED SYSTEM SEGMENT TO DOMINATE MARKET IN 2028
    4.3 UNDERWATER WARFARE MARKET, BY PLATFORM 
           FIGURE 13 SURFACE SHIP SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing naval budget
                               FIGURE 15 COUNTRY-WISE NAVAL BUDGET (2019–2023)
                    5.2.1.2 Development and deployment of advanced sonar technologies for underwater warfare
                    5.2.1.3 Increasing geopolitical tensions
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of underwater warfare systems
                    5.2.2.2 Cybersecurity concerns
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Development of anti-submarine warfare systems
                    5.2.3.2 Development of stealth technology-based underwater warfare systems
           5.2.4 CHALLENGES
                    5.2.4.1 Regulatory restrictions
                    5.2.4.2 Communication limitations
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 16 VALUE CHAIN ANALYSIS
           5.3.1 RESEARCH & DEVELOPMENT
           5.3.2 RAW MATERIALS
           5.3.3 COMPONENT/PRODUCT MANUFACTURERS (OEMS)
           5.3.4 INTEGRATORS AND SYSTEM PROVIDERS
           5.3.5 END USERS
    5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.4.1 NEW REVENUE SHIFTS AND REVENUE POCKETS IN UNDERWATER WARFARE MARKET
                    FIGURE 17 REVENUE SHIFT CURVE
    5.5 AVERAGE SELLING PRICE TREND ANALYSIS 
           FIGURE 18 AVERAGE SELLING PRICE TREND FOR SUBMARINES, BY SYSTEM, 2023
           TABLE 5 AVERAGE SELLING PRICE TREND FOR SUBMARINES, BY SYSTEM, 2021–2028
           FIGURE 19 AVERAGE SELLING PRICE TREND FOR UNMANNED SYSTEMS, BY REGION, 2021–2028
           TABLE 6 AVERAGE SELLING PRICE TREND FOR UNMANNED SYSTEMS, BY REGION, 2021–2028
    5.6 OPERATIONAL DATA 
           TABLE 7 NAVAL FLEET VOLUME, BY REGION, 2023–2028
           TABLE 8 NAVAL FLEET VOLUME (NEW DELIVERIES), BY REGION, 2023–2028
    5.7 ECOSYSTEM AND MARKET MAP 
           5.7.1 PROMINENT COMPANIES
           5.7.2 PRIVATE AND SMALL ENTERPRISES
           5.7.3 END USERS
                    FIGURE 20 MARKET MAP
                    FIGURE 21 ECOSYSTEM
                    TABLE 9 ROLE OF COMPANIES IN ECOSYSTEM
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 ARTIFICIAL INTELLIGENCE IN SONAR SYSTEMS
           5.8.2 ELECTROMAGNETIC MANEUVER WARFARE (EMW) TECHNOLOGIES
    5.9 TRADE ANALYSIS 
           FIGURE 22 IMPORT DATA FOR TOP 10 COUNTRIES, 2019-2022
           TABLE 10 COUNTRY-WISE IMPORTS, 2019–2022 (USD THOUSAND)
           FIGURE 23 EXPORT DATA FOR TOP 10 COUNTRIES, 2019-2022
           TABLE 11 COUNTRY-WISE EXPORTS, 2019–2022 (USD THOUSAND)
    5.10 USE CASE ANALYSIS 
           5.10.1 USE CASE 1: MINE COUNTERMEASURES
           5.10.2 USE CASE 2: ANTI-SUBMARINE WARFARE SYSTEMS
           5.10.3 USE CASE 3: UNMANNED UNDERWATER VEHICLE FOR ISR MISSIONS
    5.11 KEY CONFERENCES AND EVENTS 
           TABLE 12 KEY CONFERENCES AND EVENTS, 2024–2025
    5.12 REGULATORY LANDSCAPE 
           5.12.1 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.3 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.4 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.5 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR UNDERWATER WARFARE SYSTEMS, BY PLATFORM
                     TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR UNDERWATER WARFARE SYSTEMS, BY PLATFORM (%)
           5.13.2 BUYING CRITERIA
                     FIGURE 25 KEY BUYING CRITERIA FOR UNDERWATER WARFARE SYSTEMS, BY PLATFORM
                     TABLE 14 KEY BUYING CRITERIA FOR UNDERWATER WARFARE SYSTEMS, BY PLATFORM
 
6 INDUSTRY TRENDS (Page No. - 67)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
           FIGURE 26 TECHNOLOGY TRENDS
           6.2.1 ADVANCED SONAR TECHNOLOGIES
           6.2.2 UNDERWATER MINE COUNTERMEASURES
           6.2.3 ELECTRONIC WARFARE TECHNOLOGIES
           6.2.4 STEALTH TECHNOLOGIES
           6.2.5 ACOUSTIC COMMUNICATIONS TECHNOLOGIES
    6.3 IMPACT OF MEGATRENDS 
           6.3.1 CYBERSECURITY
           6.3.2 ANTI-SUBMARINE WARFARE TECHNOLOGIES
    6.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 27 SUPPLY CHAIN ANALYSIS
    6.5 TECHNOLOGY ROADMAP 
           FIGURE 28 TECHNOLOGY TRENDS, 2000–2050
           FIGURE 29 TECHNOLOGY ROADMAP, 2010–2035
           FIGURE 30 EMERGING TRENDS
    6.6 PATENT ANALYSIS 
           FIGURE 31 LIST OF MAJOR PATENTS
           TABLE 15 LIST OF MAJOR PATENTS, 2022–2023
 
7 UNDERWATER WARFARE MARKET, BY SYSTEM (Page No. - 77)
    7.1 INTRODUCTION 
           FIGURE 32 UNMANNED SYSTEM SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
           TABLE 16 UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
           TABLE 17 UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
           TABLE 18 SONAR SYSTEM MARKET, BY REGION, 2020–2028 (UNIT)
           TABLE 19 COMMUNICATIONS SYSTEM MARKET, BY REGION, 2020–2028 (UNIT)
           TABLE 20 ELECTRONIC WARFARE SYSTEM MARKET, BY REGION, 2020–2028 (UNIT)
    7.2 SONAR 
           7.2.1 ONGOING R&D EFFORTS FOR ADVANCED SONAR SYSTEMS TO DRIVE MARKET
           7.2.2 ACTIVE
           7.2.3 PASSIVE
    7.3 ELECTRONIC WARFARE 
           7.3.1 INCREASE IN DEVELOPMENT OF STEALTH TECHNOLOGIES USING ELECTRONIC WARFARE SYSTEMS TO DRIVE MARKET
           7.3.2 JAMMERS
           7.3.3 COUNTERMEASURES
           7.3.4 DECOYS
    7.4 WEAPONS 
           7.4.1 ADVANCEMENT IN UNDERWATER WEAPONRY TO DRIVE MARKET
           7.4.2 TORPEDOES
           7.4.3 MINES
    7.5 COMMUNICATIONS 
           7.5.1 INNOVATIONS IN UNDERWATER COMMUNICATIONS TECHNOLOGY TO DRIVE MARKET
    7.6 UNMANNED 
           7.6.1 DEVELOPMENT OF UNMANNED UNDERWATER WARFARE SOLUTIONS TO DRIVE MARKET
           7.6.2 REMOTELY OPERATED VEHICLES (ROVS)
           7.6.3 AUTONOMOUS UNDERWATER VEHICLES (AUVS)
 
8 UNDERWATER WARFARE MARKET, BY PLATFORM (Page No. - 84)
    8.1 INTRODUCTION 
           FIGURE 33 SURFACE SHIP SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
           TABLE 21 UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
           TABLE 22 UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
    8.2 SUBMARINE 
           8.2.1 INCREASING DEVELOPMENT OF SUBMARINE FLEETS THROUGH GOVERNMENT SUPPORT TO DRIVE MARKET
    8.3 SURFACE SHIP 
 
    8.4 NAVAL HELICOPTER 
           8.4.1 SURGING NEED FOR NAVAL HELICOPTERS FOR FAST SURVEILLANCE TO DRIVE MARKET
 
9 UNDERWATER WARFARE MARKET, BY CAPABILITY (Page No. - 87)
    9.1 INTRODUCTION 
    9.2 ATTACK 
    9.3 PROTECT 
    9.4 SUPPORT 
 
10 UNDERWATER WARFARE MARKET, BY REGION (Page No. - 88)
     10.1 INTRODUCTION 
             FIGURE 34 ASIA PACIFIC ACCOUNTS FOR LARGEST MARKET SHARE
             TABLE 23 UNDERWATER WARFARE MARKET, BY REGION, 2020−2022 (USD MILLION)
             TABLE 24 UNDERWATER WARFARE MARKET, BY REGION, 2023−2028 (USD MILLION)
     10.2 NORTH AMERICA 
             10.2.1 PESTLE ANALYSIS
                        FIGURE 35 NORTH AMERICA: UNDERWATER WARFARE MARKET SNAPSHOT
                        TABLE 25 NORTH AMERICA: UNDERWATER WARFARE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 26 NORTH AMERICA: UNDERWATER WARFARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 27 NORTH AMERICA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                        TABLE 28 NORTH AMERICA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                        TABLE 29 NORTH AMERICA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 30 NORTH AMERICA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.2.2 US
                        10.2.2.1 Increase in naval spending for underwater warfare systems and solutions to drive market
                                     TABLE 31 US: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 32 US: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 33 US: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 34 US: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.2.3 CANADA
                        10.2.3.1 Replacement of aging fleets to drive market
                                     TABLE 35 CANADA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 36 CANADA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 37 CANADA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 38 CANADA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
     10.3 ASIA PACIFIC 
             10.3.1 PESTLE ANALYSIS
                        FIGURE 36 ASIA PACIFIC: UNDERWATER WARFARE MARKET SNAPSHOT
                        TABLE 39 ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 40 ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 41 ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                        TABLE 42 ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                        TABLE 43 ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 44 ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.3.2 INDIA
                        10.3.2.1 Presence of large naval fleet to drive market
                                     TABLE 45 INDIA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 46 INDIA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 47 INDIA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 48 INDIA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.3.3 JAPAN
                        10.3.3.1 Increasing government investment in anti-submarine warfare capabilities to drive market
                                     TABLE 49 JAPAN: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 50 JAPAN: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 51 JAPAN: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 52 JAPAN: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.3.4 AUSTRALIA
                        10.3.4.1 Increasing partnerships with other countries for underwater warfare capabilities to drive market
                                     TABLE 53 AUSTRALIA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 54 AUSTRALIA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 55 AUSTRALIA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 56 AUSTRALIA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.3.5 SINGAPORE
                        10.3.5.1 Development of underwater warfare solutions due to rising security concerns to drive market
                                     TABLE 57 SINGAPORE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 58 SINGAPORE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 59 SINGAPORE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 60 SINGAPORE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.3.6 REST OF ASIA PACIFIC
                        TABLE 61 REST OF ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                        TABLE 62 REST OF ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                        TABLE 63 REST OF ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 64 REST OF ASIA PACIFIC: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
     10.4 EUROPE 
             10.4.1 PESTLE ANALYSIS
                        FIGURE 37 EUROPE: UNDERWATER WARFARE MARKET SNAPSHOT
                        TABLE 65 EUROPE: UNDERWATER WARFARE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 66 EUROPE: UNDERWATER WARFARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 67 EUROPE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                        TABLE 68 EUROPE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                        TABLE 69 EUROPE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 70 EUROPE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.4.2 UK
                        10.4.2.1 Development of autonomous underwater systems for self-driving mine countermeasures to drive market
                                     TABLE 71 UK: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 72 UK: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 73 UK: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 74 UK: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.4.3 FRANCE
                        10.4.3.1 Increasing investment in R&D for development of UUVs to drive market
                                     TABLE 75 FRANCE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 76 FRANCE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 77 FRANCE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 78 FRANCE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.4.4 ITALY
                        10.4.4.1 Advanced underwater platforms and focus on innovation to drive market
                                     TABLE 79 ITALY: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 80 ITALY: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 81 ITALY: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 82 ITALY: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.4.5 GERMANY
                        10.4.5.1 Investment in advanced sonar and acoustic sensors and mine countermeasure technologies to drive market
                                     TABLE 83 GERMANY: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 84 GERMANY: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 85 GERMANY: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 86 GERMANY: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.4.6 REST OF EUROPE
                        TABLE 87 REST OF EUROPE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                        TABLE 88 REST OF EUROPE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                        TABLE 89 REST OF EUROPE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 90 REST OF EUROPE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
     10.5 MIDDLE EAST 
             10.5.1 PESTLE ANALYSIS
                        FIGURE 38 MIDDLE EAST: UNDERWATER WARFARE MARKET SNAPSHOT
                        TABLE 91 MIDDLE EAST: UNDERWATER WARFARE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 92 MIDDLE EAST: UNDERWATER WARFARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 93 MIDDLE EAST: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                        TABLE 94 MIDDLE EAST: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                        TABLE 95 MIDDLE EAST: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 96 MIDDLE EAST: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.5.2 GCC COUNTRIES
                        10.5.2.1 Saudi Arabia
                                     10.5.2.1.1 Increasing development of advanced weapons to drive market
                                                    TABLE 97 SAUDI ARABIA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                                    TABLE 98 SAUDI ARABIA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                                    TABLE 99 SAUDI ARABIA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                                    TABLE 100 SAUDI ARABIA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                        10.5.2.2 UAE
                                     10.5.2.2.1 Development of advanced naval force to drive market
                                                    TABLE 101 UAE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                                    TABLE 102 UAE: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                                    TABLE 103 UAE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                                    TABLE 104 UAE: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.5.3 REST OF MIDDLE EAST
                        TABLE 105 REST OF MIDDLE EAST: UNDERWATER WARFARE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 106 REST OF MIDDLE EAST: UNDERWATER WARFARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        10.5.3.1 Israel
                                     TABLE 107 ISRAEL: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 108 ISRAEL: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 109 ISRAEL: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 110 ISRAEL: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                        10.5.3.2 Turkey
                                     TABLE 111 TURKEY: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                     TABLE 112 TURKEY: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                     TABLE 113 TURKEY: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                     TABLE 114 TURKEY: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.5.4 REST OF THE WORLD
             10.5.5 PESTLE ANALYSIS
                        FIGURE 39 REST OF THE WORLD: UNDERWATER WARFARE MARKET SNAPSHOT
                        TABLE 115 REST OF THE WORLD: UNDERWATER WARFARE MARKET, BY REGION, 2020–2022 (USD MILLION)
                        TABLE 116 REST OF THE WORLD: UNDERWATER WARFARE MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 117 REST OF THE WORLD: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                        TABLE 118 REST OF THE WORLD: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                        TABLE 119 REST OF THE WORLD: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                        TABLE 120 REST OF THE WORLD: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.5.6 LATIN AMERICA
                        TABLE 121 LATIN AMERICA: UNDERWATER WARFARE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 122 LATIN AMERICA: UNDERWATER WARFARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        10.5.6.1 Brazil
                                     10.5.6.1.1 Government initiatives to modernize naval fleet to drive market
                                                    TABLE 123 BRAZIL: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                                    TABLE 124 BRAZIL: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                                    TABLE 125 BRAZIL: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                                    TABLE 126 BRAZIL: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
                        10.5.6.2 MEXICO
                                     10.5.6.2.1 Development of unmanned systems for underwater surveillance to drive market
                                                    TABLE 127 MEXICO: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                                    TABLE 128 MEXICO: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                                    TABLE 129 MEXICO: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                                    TABLE 130 MEXICO: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
             10.5.7 AFRICA
                        10.5.7.1 South Africa
                                     10.5.7.1.1 Continual investment in advanced underwater warfare systems to drive market
                                                    TABLE 131 SOUTH AFRICA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
                                                    TABLE 132 SOUTH AFRICA: UNDERWATER WARFARE MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
                                                    TABLE 133 SOUTH AFRICA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
                                                    TABLE 134 SOUTH AFRICA: UNDERWATER WARFARE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 137)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2022–2023 
             TABLE 135 STRATEGIES ADOPTED BY KEY PLAYERS, 2022–2023
     11.3 MARKET RANKING ANALYSIS 
             FIGURE 40 MARKET RANKING OF TOP 5 PLAYERS, 2022
     11.4 REVENUE ANALYSIS 
             FIGURE 41 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2018–2022
     11.5 MARKET SHARE ANALYSIS 
             FIGURE 42 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
             TABLE 136 UNDERWATER WARFARE MARKET: DEGREE OF COMPETITION
     11.6 COMPANY EVALUATION MATRIX 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                        FIGURE 43 COMPANY EVALUATION MATRIX, 2022
             11.6.5 COMPANY FOOTPRINT
                        TABLE 137 COMPANY FOOTPRINT
                        TABLE 138 PRODUCT FOOTPRINT
                        TABLE 139 REGION FOOTPRINT
     11.7 START-UP/SME EVALUATION MATRIX 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 44 START-UP/SME EVALUATION MATRIX, 2022
             11.7.5 COMPETITIVE BENCHMARKING
                        TABLE 140 KEY START-UPS/SMES
                        TABLE 141 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
                        FIGURE 45 UNDERWATER WARFARE MARKET: FINANCIAL METRICS OF TOP 7 COMPANIES, 2022
                        FIGURE 46 UNDERWATER WARFARE MARKET: PRODUCT COMPARISON OF KEY PLAYERS
     11.8 COMPETITIVE SCENARIO 
             11.8.1 PRODUCT LAUNCHES
                        TABLE 142 UNDERWATER WARFARE MARKET: PRODUCT LAUNCHES, 2020
             11.8.2 DEALS
                        TABLE 143 UNDERWATER WARFARE MARKET: DEALS, MAY 2020–SEPTEMBER 2023
                        TABLE 144 UNDERWATER WARFARE MARKET: OTHER DEALS/DEVELOPMENTS, JANUARY 2020–DECEMBER 2023
 
12 COMPANY PROFILES (Page No. - 156)
     12.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*  
             12.1.1 RAYTHEON TECHNOLOGIES
                        TABLE 145 RAYTHEON TECHNOLOGIES: COMPANY OVERVIEW
                        FIGURE 47 RAYTHEON TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 146 RAYTHEON TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 RAYTHEON TECHNOLOGIES: OTHER DEVELOPMENTS
             12.1.2 L3HARRIS
                        TABLE 148 L3HARRIS: COMPANY OVERVIEW
                        FIGURE 48 L3HARRIS: COMPANY SNAPSHOT
                        TABLE 149 L3HARRIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 150 L3HARRIS: OTHER DEVELOPMENTS
             12.1.3 ELBIT SYSTEMS LTD.
                        TABLE 151 ELBIT SYSTEMS LTD.: COMPANY OVERVIEW
                        FIGURE 49 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
                        TABLE 152 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 153 ELBIT SYSTEMS LTD.: DEALS
                        TABLE 154 ELBIT SYSTEMS LTD.: OTHER DEVELOPMENTS
             12.1.4 NORTHROP GRUMMAN
                        TABLE 155 NORTHROP GRUMMAN: COMPANY OVERVIEW
                        FIGURE 50 NORTHROP GRUMMAN: COMPANY SNAPSHOT
                        TABLE 156 NORTHROP GRUMMAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 157 NORTHROP GRUMMAN: PRODUCT LAUNCHES
                        TABLE 158 NORTHROP GRUMMAN: OTHER DEVELOPMENTS
             12.1.5 THYSSENKRUPP AG
                        TABLE 159 THYSSENKRUPP AG: COMPANY OVERVIEW
                        FIGURE 51 THYSSENKRUPP AG: COMPANY SNAPSHOT
                        TABLE 160 THYSSENKRUPP AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 161 THYSSENKRUPP AG: OTHER DEVELOPMENTS
             12.1.6 LEONARDO S.P.A.
                        TABLE 162 LEONARDO S.P.A.: COMPANY OVERVIEW
                        FIGURE 52 LEONARDO S.P.A.: COMPANY SNAPSHOT
                        TABLE 163 LEONARDO S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.7 BAE SYSTEMS
                        TABLE 164 BAE SYSTEMS: COMPANY OVERVIEW
                        FIGURE 53 BAE SYSTEMS: COMPANY SNAPSHOT
                        TABLE 165 BAE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 166 BAE SYSTEMS: DEALS
                        TABLE 167 BAE SYSTEMS: OTHER DEVELOPMENTS
             12.1.8 KONGSBERG
                        TABLE 168 KONGSBERG: COMPANY OVERVIEW
                        FIGURE 54 KONGSBERG: COMPANY SNAPSHOT
                        TABLE 169 KONGSBERG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 170 KONGSBERG: OTHER DEVELOPMENTS
             12.1.9 THALES
                        TABLE 171 THALES: COMPANY OVERVIEW
                        FIGURE 55 THALES: COMPANY SNAPSHOT
                        TABLE 172 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 173 THALES: PRODUCT LAUNCHES
                        TABLE 174 THALES: DEALS
                        TABLE 175 THALES: OTHER DEVELOPMENTS
             12.1.10 GENERAL DYNAMICS CORPORATION
                        TABLE 176 GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
                        TABLE 177 GENERAL DYNAMICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.11 LOCKHEED MARTIN CORPORATION
                        TABLE 178 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
                        TABLE 179 LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 180 LOCKHEED MARTIN CORPORATION: OTHER DEVELOPMENTS
             12.1.12 SAAB AB
                        TABLE 181 SAAB AB: COMPANY OVERVIEW
                        FIGURE 58 SAAB AB: COMPANY SNAPSHOT
                        TABLE 182 SAAB AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 183 SAAB AB: OTHER DEVELOPMENTS
             12.1.13 EXAIL TECHNOLOGIES
                        TABLE 184 EXAIL TECHNOLOGIES: COMPANY OVERVIEW
                        FIGURE 59 EXAIL TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 185 EXAIL TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 186 EXAIL TECHNOLOGIES: OTHER DEVELOPMENTS
             12.1.14 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
                        TABLE 187 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY OVERVIEW
                        TABLE 188 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 189 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: OTHER DEVELOPMENTS
             12.1.15 RHEINMETALL AG
                        TABLE 190 RHEINMETALL AG: COMPANY OVERVIEW
                        FIGURE 60 RHEINMETALL AG: COMPANY SNAPSHOT
                        TABLE 191 RHEINMETALL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.16 ASELSAN A.S.
                        TABLE 192 ASELSAN A.S.: COMPANY OVERVIEW
                        FIGURE 61 ASELSAN A.S.: COMPANY SNAPSHOT
                        TABLE 193 ASELSAN A.S.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.17 COHORT PLC
                        TABLE 194 COHORT PLC: COMPANY OVERVIEW
                        FIGURE 62 COHORT PLC: COMPANY SNAPSHOT
                        TABLE 195 COHORT PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.18 NAVAL GROUP
                        TABLE 196 NAVAL GROUP: COMPANY OVERVIEW
                        TABLE 197 NAVAL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 198 NAVAL GROUP: OTHER DEVELOPMENTS
             12.1.19 SERCEL
                        TABLE 199 SERCEL: COMPANY OVERVIEW
                        TABLE 200 SERCEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     12.2 OTHER PLAYERS 
             12.2.1 TELEDYNE MARINE
                        TABLE 201 TELEDYNE MARINE: COMPANY OVERVIEW
             12.2.2 ULTRA MARITIME
                        TABLE 202 ULTRA MARITIME: COMPANY OVERVIEW
             12.2.3 SYQWEST
                        TABLE 203 SYQWEST: COMPANY OVERVIEW
             12.2.4 EDGETECH
                        TABLE 204 EDGETECH: COMPANY OVERVIEW
             12.2.5 MASSA
                        TABLE 205 MASSA: COMPANY OVERVIEW
             12.2.6 ARMELSAN
                        TABLE 206 ARMELSAN: COMPANY OVERVIEW
     12.3 ANNEXURE 
                        TABLE 207 UNDERWATER WARFARE MARKET: OTHER MAPPED COMPANIES
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.  
 
13 APPENDIX (Page No. - 208)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 ANNEXURE A: DEFENSE PROGRAM MAPPING 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 
 

 

The study involved four major activities in estimating the current size of the Underwater Warfare Market. Exhaustive secondary research was done to collect information on the Underwater Warfare market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. After that, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the Underwater Warfare market.

Secondary Research

The market ranking of companies was determined using secondary data made available through paid and unpaid sources and by analyzing the product portfolios of major companies. These companies perform on the basis of the performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred to for this research study included financial statements of companies offering Underwater Warfare products and services and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the Underwater Warfare market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after acquiring information regarding the Underwater Warfare market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, which includes Africa and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.

Underwater Warfare Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The market sizing of the market was undertaken from the demand side. The market was upsized at a regional level based on procurements and missions planned by the country. Such procurements provide information on each application's demand aspects of Underwater Warfare.

Note: An analysis of technological, funding, year-on-year investments, and operational costs was carried out to arrive at the CAGR and understand the market dynamics of all regions in the report. The market share for all types, platforms, and end users was based on the recent and upcoming planned missions of Underwater Warfare in every region from 2023 to 2028.

Underwater Warfare Market Size: Bottom-up Approach

Underwater Warfare Market Size, and Bottom-up Approach

Underwater Warfare Market Size: Top-Down Approach

Underwater Warfare Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Underwater warfare, also known as undersea warfare or subsurface warfare refers to military operations conducted beneath the water surface deployed for submarines and unmanned underwater vehicles as platforms, torpedoes, sonar systems, and other underwater systems. Underwater warfare includes defensive and offensive missions such as Intelligence gathering, tracking, and attacking, defensive measures and countermeasures. Underwater warfare enhances naval capabilities and strategic defense in submerged environments using various underwater tailored solutions.

Key Stakeholders

  • Government Authorities
  • Regulatory Bodies
  • R&D Companies
  • Subsystem Manufacturers
  • Naval Forces

Report Objectives

  • To define, describe and forecast the Underwater Warfare market based on systems, platforms, capability, and region from 2023 to 2028
  • To forecast the size of various segments of the market with respect to major regions, namely, North America, Europe, Asia Pacific, the Middle East, and the Rest of the World
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the market
  • To analyze opportunities for stakeholders in the market by identifying key market trends
  • To analyze competitive developments such as contracts, acquisitions, agreements, joint ventures & partnerships, and research & development (R&D) activities in the market
  • To provide a detailed competitive landscape of the -market, in addition to an analysis of business and corporate strategies adopted by leading market players
  • To strategically profile key market players and comprehensively analyze their core competencies2.

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the Underwater Warfare Market
  • Profiling of other market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Underwater Warfare Market.
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AS 8946
Published ON
Feb, 2024
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